When it comes to running a business, having the right equipment is essential for success. Whether it’s heavy machinery, technology systems, or specialized tools, acquiring the necessary machines can be a significant financial investment. Many businesses turn to financing as a solution to obtain the tools they need without straining their cash flow. In an equipment financing agreement, there are certain components that should be included to ensure a clear understanding between the lender and the borrower. Let’s explore what these components are, what should be avoided, the benefits of equipment financing, and the legal purpose of this agreement….